KenGen capital spending rises 14.3% to KSh15.5bn

EnergyManufacturing

Tuesday 3rd November 2026

Olkaria V geothermal power station in Kenya on 24 October 2019, with steam rising above its cooling equipment — File photo: Olkaria V, 24 October 2019; this is a different station from the rehabilitated Olkaria I. Photo: Macabe5387 / Wikimedia Commons, CC BY-SA 4.0.

By inAfrika Newsroom

KenGen increased capital spending by 14.3% to KSh15.5 billion in the financial year ended June 2026, while profit after tax fell 1.2% to KSh10.35 billion.

Revenue rose to KSh59.7 billion while profit after tax fell 1.2% to KSh10.35 billion, and shareholders approved a KSh0.75 dividend per share compared with KSh0.90 previously.

The company statement reports a 14.3% increase in capital spending for the financial year ended June 2026. It says KenGen supplied 8,975 gigawatt-hours during that year, equivalent to 57.2% of national electricity demand, with renewables accounting for more than 90% of its dispatched electricity.

KenGen says rehabilitation of Olkaria I geothermal station has been completed, while its portfolio also includes the proposed 42.5-megawatt Seven Forks solar plant and redevelopment of Gogo hydropower station. Battery storage and a proposed increase in Masinga dam’s height are also part of its plans; the statement does not present those proposals as completed projects.

At Olkaria, the Green Energy Park is intended to connect manufacturers, food processors and data centres with geothermal electricity, steam and industrial land. KenGen says the park has secured special economic zone status and designation as a customs-controlled area, establishing an investment framework rather than proving that all planned businesses are operating.

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